Richard Busch, serving as both a director and board member of American Bitcoin Corp, recently purchased 175,000 shares at a total cost near $290,500, as revealed in an SEC filing.
After this acquisition, Busch’s stake in the company has grown to about 900,000 shares. Based on the closing price last Thursday, his holdings are worth roughly $1.4 million. Notably, the stock experienced a premarket increase of around 5% on Friday according to Yahoo Finance data.
The company’s share price has faced significant pressure lately due to private placement shares from a pre-merger phase entering public circulation. Over the past thirty days alone, its value has dropped by approximately 68%.
American Bitcoin ranks among the top twenty publicly traded firms with substantial Bitcoin reserves. It currently holds around 5,098 BTC in its treasury—valued at nearly $447 million—and continues expanding its portfolio through mining operations and strategic acquisitions.
Richard Busch, serving as both a director and board member of American Bitcoin Corp, recently purchased 175,000 shares at a total cost near $290,500, as revealed in an SEC filing.
After this acquisition, Busch’s stake in the company has grown to about 900,000 shares. Based on the closing price last Thursday, his holdings are worth roughly $1.4 million. •••••••
Notably, if you want I can remove that part or rephrase it for clarity.
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(The company’s share price has faced significant pressure lately due to private placement shares from a pre-merger phase entering public circulation.)
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